ADM to Acquire Soybean Crushing Facility, Form Partnership for Biodiesel Business In Missouri

05 Apr 2011 --- Prairie Pride, Inc. is a new-generation producer cooperative formed to convert soybeans into biodiesel fuel and soy meal. The facility began producing biodiesel in late 2007 and processing soybeans in August 2008.

4/5/2011 --- Archer Daniels Midland Company (ADM) has announced plans to acquire a soybean crushing and biodiesel facility in Deerfield, Mo., from Prairie Pride, Inc. ADM will also form a partnership with Prairie Pride for the biodiesel portion of the business.
 
“The acquisition of Prairie Pride’s soybean facility and partnership for the biodiesel business were attractive to us because they are aligned with our growth strategy and fit well within our integrated business model,” said Matthew J. Jansen, president, Global Oilseeds. “We look forward to working with the 1,000 farmers of Prairie Pride to transform soybeans into food, feed and fuel products used by consumers and businesses around the world every day. And we look forward to becoming a part of the Vernon County community.”

Prairie Pride, Inc. is a new-generation producer cooperative formed to convert soybeans into biodiesel fuel and soy meal. The facility began producing biodiesel in late 2007 and processing soybeans in August 2008.
 

Related Articles

Business News

Renewable Biofuel Production Does Not Need To Compete With Food Resources

30 Jan 2015 --- The efficient production of both biofuel and animal feed from one crop is now possible, and can be done on a farm without the need for off-site processes. The research, published in the open access journal Biotechnology for Biofuels, demonstrates the practical potential of an alternative to fossil fuels that does not compete with food resources.

Business News

Study Shows Brazil's Soy Moratorium Still Needed to Preserve Amazon

26 Jan 2015 --- Today, fewer chicken nuggets can trace their roots to cleared Amazon rain forest. In 2006, following a report from Greenpeace and under pressure from consumers, large companies like McDonald's and Wal-Mart decided to stop using soy grown on cleared forestland in the Brazilian Amazon. This put pressure on commodity traders, such as Cargill, who in turn agreed to no longer purchase soy from farmers who cleared rain forest to expand soy fields.

Regulatory News

Mars: New Deforestation Policies Aim To Preserve And Protect Valuable Natural Resources

26 Jan 2015 --- Mars has launched three new policies aimed at reducing deforestation in its beef, soy, paper and pulp supply chains.

Food Ingredients News

Mars Launches Deforestation Reduction Policies

23 Jan 2015 --- Mars, Incorporated has launched three new policies aimed at reducing deforestation in its beef, soy, paper and pulp supply chains.

Food Ingredients News

UK Needs to Review its Groceries Code Adjudicator’s Role to Protect Dairy Farmers

22 Jan 2015 --- The UK House of Common Environment, Food and Rural Affairs Committee report on Dairy Prices concludes that the UK dairy industry is under intense pressure due to the worldwide crisis, led by global oversupply and reduced demand, especially in China, where demand was expected to rise and failed to. This, coupled with the Russian trade ban on EU imports, has led to many of the industry’s problems, concludes the report.

More Articles